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(Bloomberg) Patterson-UTI Energy Inc. agreed to acquire smaller rival Pioneer Energy Services Corp. in a move that could lead to further consolidation among oversupplied contractors in the oilfield. The stock-and-cash deal is valued at about about $295 million, which includes the retirement of all of Pioneers debt, Houston-based Patterson-UTI said Tuesday in a statement. []
The post Patterson-UTI Building Alternate-Power Rig Arsenal, Colombia Foothold with Pioneer Energy Takeover appeared first on Natural Gas Intelligence
US land driller Patterson-UTI has agreed to buy oil services provider Pioneer Energy Services for
The acquisition of Pioneer Energy Services fleet of 17 drilling rigs in the U.S., of which 16 are super-spec, was described as a valuable addition to Patterson-UTIs current fleet of 150 super-spec drilling rigs in the U.S.
Patterson-UTI''s Apex PK high-spec rig. PHOTO SOURCE: Patterson-UTI Energy
The deal comes just over a year after Pioneer Energy Services emerged from Chapter 11 bankruptcy.
(RTTNews) - Patterson-Uti Energy Inc. (PTEN), a provider of oilfield services and products, announced Tuesday that it has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 million, which includes the retirement of all Pioneer Energy Services'' debt. The deal price consists of the issuance of up to 26.
No summary available.
HOUSTON, July 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that it has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 million, which includes the retirement of all Pioneer Energy Services'' debt. Consideration
HOUSTON, July 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2021, the Company had an average of 75 drilling rigs operating. For the three months ended June 30, 2021, the Company had an average of 73 drilling rigs operating.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) with the stream of 3.42% also noticed, India United States Antimony Corporation (AMEX:UAMY) encountered a rapid change of -1.70% in the last hour of Thursdays trading The post Beholding Stock: Patterson-UTI Energy, Inc. (NASDAQ:PTEN), United States Antimony Corporation (AMEX:UAMY) appeared first on Stocks Equity .
Petroleo Brasileiro S.A. Petrobras (NYSE:PBR) with the stream of 0.64% also noticed, India Patterson-UTI Energy, Inc. (NASDAQ:PTEN) encountered a rapid change of 0.55% in the last hour of Tuesdays The post Traders cant brush off this: Petroleo Brasileiro S.A. Petrobras (NYSE:PBR), Patterson-UTI Energy, Inc. (NASDAQ:PTEN) appeared first on Stocks Equity .
HOUSTON, June 28, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 29, 2021, at 9:00 a.m. Central Time to discuss results for the second quarter ending June 30, 2021. Participants can access the call by dialing (647) 253-8640 or
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